TSLA: Bear Flag on the 4HR providing opportunity for continuation based on technicals. Caution to the wind as key FOMC event later in the day can skew any idea/data presented in this live study. Price action has continued <KMAs and shown to test then break PDL prints. KL: <157.03 could see lower price acceptance into 150.98, 145.28// ATR: 10.60, Beta: 1.93,...
TSLA 65m Intraday Bear Flag Setup and -2.54% into the morning session. Price action has fallen under Daily KMAs and well below the intraday 9ema; with previous day lows broken post opening print// ATR: 12.29, Beta: 1.97, RVOL: 0.33, IV: 71.39% // Price at time of publish: 177.84, Bias: Short
SPY 65m: Intraday gap fill on watch leading into the close as m/m CPI and y/y CPI approaches pre-market on Thursday November 10, 2022. Grey shaded area reflects area(s) where structure has been observed. Macro Factors resulting in downturn also in consideration for acute price action and volatility. All indexes are on track to maintain negative for the session. KL...
SPY 4HR Channel on watch using key MAs as inflection points leading into the week.
SPY Intraday/Acute Key Levels on 65m timeframe entering the session in a range bound auction. With key economic events during this week and employment data anticipated prior to tomorrow's open, price action could remain in its current area of balance before more dynamic volume and participation can step in. Key Levels: 379.45, 373.98, 370.97// ATR: 8.96, IV:...
SPY 4Hr: Market has pointed lower leading into anticipated interest rate hikes courtesy of the Federal Reserve. Asia Pac indexes hinted at the fear of headwinds of further imposed costs. The U.S. Dollar index's continued climb upwards, increased 10-year Treasury yields, average highs for U.S. mortgage rates, and elevating VIX reflect risk off sentiment into...
CHPT: Intraday Bullish Engulfing identified on 65m chart. Clean breakout post Credit Suisse coverage initiation in the premarket session. KL's to watch are 15.60, 15.87, 16.00; Breach and > 16.00 is on watch for a gap fill. Downside KLs 14.87, 14.61, 14.00: Breach and <14.00 is on watch for a gap fill// Bias: Neutral to Bullish short term, Beta: 1.96 ATR: 4.21,...
DXY: Channel identified using positive correlation as a means of confirmation. Rate changes, bond yields, and introduction of global policies on watch for price delta sensitivities. Continued regression to the mean and oscillation towards upside is current sentiment// DXY Price at time of published data: 110.249 // Bias: Neutral to Bullish
SPY 65m: Market is trading lower after previous sessions seeing previous response to the upside. The S&P 500 is yet to retake auction over 430 and will remain as resistance leading into key economic events this week. Shrinking liquidity and credit globally have impacted market sentiment and participants unwillingness to auction higher. Technicals reflect key cross...
WMT: Post ER Gap Fill and is leading the market >6% to start the morning session. Price action has developed over KL of 200sma. Intraday opportunities exist as well with the high RVOL for current trading session & relative strength vs indices. On watch for other retail ER that can affect sentiment. Bias: Bullish // ATR: 2.77, Beta: 0.53, IV: 23.62%//
Futures leading into key economic data is likely to remain in range with few openings for direction. Price action has persisted to trade in range near key technical levels. Opportunities for a retest and break at the 4168 would revisit strong volume nodes as seen in May 2021. KLs: 4108.50, 4168, 4234. Bias: Neutral until market sentiment reveals its response to...
SPY 65m: Bull flag breakout/Engulfing Bullish during opening hour. Rising market internals with advancing/declining & falling VIX supporting price action for buyers early into the session. Acute Bias: Neutral to bullish
SPY: 4HR Bear flag identified alongside divergence. Flat market breadth & weakness in the market identified with anticipation of key economic data this week. Breach/failure of value area KL of 400.35 lends to watch for reversion to the mean on 4HR and acceptance or rejection of 394.20; Where downside KLs 390.58 & upside KL 400.35 are in play// ATR: 454, IV: 23.64%...
IWM: 3Bar Play Watch on Daily timeframe -Supporting evidence for risk on scenario -Double Bottom -MACD breached 0 line with upward slope & ascending positive histogram -Potential to complete gap fill to 184.06 if it doesn't consolidate or reject. - POC of VPVR on retested and break above -Rejection of KL 181.75 sees KL...
NVDA 1D: Key Level on watch is 50SMA (168.07): >168.07, next upside is 171.52 where a clearer value gap exists until the next area of value and key POC value of 186.95; Additional analysis observes MACD ma's on the start of upward slope to breach 0 line with build of an ascending histogram// <168.07 would support channel to downside and gap fill downwards to...
AAPL 4Hr: Potential 4Bar Play, approaching KL of 150.20: Above this could see a leg higher to approach upper limits of linear regression channel; <147.15 could stay in chop or fail lower// ATR 4.31 , Beta 1.23, IV: 40.03%
SPY Daily providing brief directional opportunities for acute trades to the upside. Higher levels of conviction support the control held by sellers in the market auction; With a volume shelf last revisited and sustained notable in March 2021. After holding fair price of 377.03, the next critical level on watch for acceptance or rejection of fair value is 381.58,...
A tale of two scales here in the price action of bitcoin's: 1) TREND and 2) Price rediscovery to demand with comparative views using linear vs nonlinear plots. My bias for BTCUSD leans with the latter on the premise of highlighting movement in relation to price delta. Thus, BTCUSD's high velocity & high magnitude movements x large data set over time can be best...